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Tesla closes above $2,000 for the first time, now worth more than Walmart. Stock went from $220 to over $2,000 in just one year

Tesla stock is on a tear. For the first time in the history of the electric car company, Tesla closes above the $2,000 mark. The world’s most valuable automotive company is now valued at $373.06 billion as of today’s market […]

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Tesla stock is on a tear. For the first time in the history of the electric car company, Tesla closes above the $2,000 mark. The world’s most valuable automotive company is now valued at $373.06 billion as of today’s market close.  Just a year ago on August 21, 2019, Tesla was just $220 mark. Today, the stock closed at $2,001.83, an increase of $1,7801.83 in just 12 months.

In early July, we wrote about Tesla after the electric car maker overtook Toyota to become the world’s most valuable automaker. Today, Tesla is now worth more than Walmart, the largest retailer in the US. Just two weeks ago, Tesla was at $271 billion in valuation. Today, it is now sitting at $373 billion making Tesla about twice the value of all major US carmakers and airlines combined.

Tesla is now worth more than GM, Ford, Ferrari, BMW, Nissan, Mazda, Aston Martin, and Fiat Chrysler, which have combined worth of $206 billion. Tesla hit a new all-time high of $1,902, giving the electric company a valuation of roughly $373 billion.

On August 12, 2020, Tesla announced a 5-for-1 stock split, which will take effect on August 31, 2020. In 2019, Tesla delivered 367,500 cars, 50 percent more than in 2018, and more than triple the number sold in 2017. At the end of 2019, Tesla’s global sales since 2012 totaled over 891,000 units.

According to Navigant Research, Tesla’s sales represented about 20% of the all-electric cars on the world’s roads as of October 2018. By November 2018, Tesla vehicles had traveled 10 billion miles, not bad for an automaker that was founded less than two decades ago.


Source: https://techstartups.com/2020/08/20/tesla-closes-2000-first-time-now-worth-walmart-stock-went-220-2000-just-one-year/

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Jen Gennai, Google Head of Responsible Innovation, said in a new unearthed video that Google should not be broken up because smaller companies don’t have the resources Google has

Jen Gennai is Google Head of Responsible Innovation. In June 2019, Gennai published a Medium blog post titled, “This is not how I expected Monday to go!” The piece was written after she returned to the US from an overseas trip, and […]

The post Jen Gennai, Google Head of Responsible Innovation, said in a new unearthed video that Google should not be broken up because smaller companies don’t have the resources Google has appeared first on Tech News | Startups News.

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Jen Gennai is Google Head of Responsible Innovation. In June 2019, Gennai published a Medium blog post titled, “This is not how I expected Monday to go!” The piece was written after she returned to the US from an overseas trip, and found “an enormous collection of threatening calls, voicemails, text messages and emails,” from unknown people.

It all started after Project Veritas, a conservative media outlet that specializes in exposing organizations by using undercover audio and video recordings of prominent people, to show that they are biased against conservatives. Back in May 2019, disguised as an organization called “2 Step Tech Solutions,” a representative from Project Veritas met up with Gennai for dinner at a restaurant in San Francisco to discuss a mentoring program for young women of color in tech.

Gennai said she was filmed at the restaurant without her consent by Project Veritas, which Gennai said they lied about who they were. Gennai later claimed the resulting video has been selectively edited to make it appear as if Google senior executives like Gennai are biased against conservatives and intend to suppress certain search results so as to disadvantage conservatives in the upcoming US elections.

Fast forward a year later, the U.S. government and 11 states filed an antitrust lawsuit against Google for allegedly breaking the law in using its market power to fend off rivals. According to the lawsuit, the lawyers representing the DOJ accuse Google of illegally using its monopoly power to stifle competition and hurt consumers through exclusionary agreements, including deals like the one it struck with Apple making Google the default search engine on the Safari browser on iPhones. One of the options being considered by the U.S. government is the idea of breaking up Google into separate companies.

It is now abundantly clear that Google is not going to give up without a fight. A new video of Gennai’s meeting with Project Veritas has just surfaced on social media. In the video, which was part of the same video recorded in June 2019, Gennai said that Google should not be broken up because smaller companies don’t have the resources Google has. She also added that Google has not shown up because they know Congress is just going to attack them.

“We got called in front of Congress multiple times, and we’ve not shown up because we know they’re just going to attack us. We’re not going to change our, we’re not going to change our mind. There’s no point in just sitting there being attacked over something we know we’re not going to change. Like they can pressure us but we’re not changing. But we also have to be aware of what they’re doing and what they’re accusing us of. Like I said, they can just… Elizabeth Warren even, I love her but she’s also saying you’ve just got to break up Google and that will solve everything.”

Below is the video recording.


Source: https://techstartups.com/2020/10/29/jen-gennai-google-head-responsible-innovation-said-new-unearthed-video-google-not-broken-smaller-companies-dont-resources-google/

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Berkeley SkyDeck announces 16 tech startups from around the globe to participate in its fall 2020 startup cohort

UC Berkeley SkyDeck, the startup accelerator of the University of California at Berkeley (UC Berkeley), today announced today that it is launching its fall 2020 startup cohort program with 16 tech startups from eight countries and the U.S. The new group […]

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UC Berkeley SkyDeck, the startup accelerator of the University of California at Berkeley (UC Berkeley), today announced today that it is launching its fall 2020 startup cohort program with 16 tech startups from eight countries and the U.S. The new group of startups specializes in a wide range of industries including AI, life science, robotics, enterprise software, health, and bioscience solutions.

International startups participating are from Australia, Canada, Czech Republic, Germany, the U.K., Italy, Singapore, and Sweden. The 16 tech startups were selected from a record-breaking 1850 applications. The fully-remote program incorporates the full range of workshops and programs. U.C.

Berkeley is a hotbed of entrepreneurship, identified by Pitchbook as the No. 1 public undergraduate program for producing startup founders and the SkyDeck’s accelerator program is thriving, named in 2019 by Forbes as one of the top five university accelerators.

“We are thrilled to have received the largest number of applications to date, spanning five continents. There were so many excellent ideas and technologies. For our Fall remote cohort, we selected the best of the best.” said Caroline Winnett, Executive Director, Berkeley SkyDeck. “We also will have more international startups participating than ever before. One advantage to remote work is teams can stay where they are, yet take full advantage of the excellent resources, global network, and premier advisory services we offer.”

This is the second remote program for SkyDeck. The first cohort started just at the time of the shutdown in March and the staff quickly adjusted to an all-virtual program that the startup founders judged as being very successful. Derrick Koenig, CEO of Ontopical, participated in the Spring cohort. He said, “The program itself ran amazingly well. I honestly don’t know how they did such an effective program, almost overnight. They worked with Slack for effective day-to-day communications and were able to make all the workshops and programs virtual. We’ve been told that there were even more workshops with the remote program than there had been ever before, in-person.”

During the COVID-19 pandemic shutdown period, eight SkyDeck alumni startups successfully raised $32 million.

“It takes a lot of courage and commitment to launch a business right now given the current state of the world,” said Chon Tang, founding partner, SkyDeck Fund. “We were very impressed with the drive and determination of the founders we talked to. In order to be admitted to this new cohort, we were looking particularly carefully at how far along the companies had come, whether they had previously raised any funds, and how their solutions would meet business and consumer needs and grow. It was an extraordinary effort to choose these companies.”

The Cohort (accelerator track) startups receive a $105,000 investment from the Berkeley SkyDeck Fund and access to 300 top advisors and mentors as they prepare to pitch more than 800 investors on Demo Day. The 100 new HotDesk incubator track startups will have access to events, mentors, and pitch opportunities to help them grow their innovative ideas and businesses.

ABOUT BERKELEY SKYDECK
Berkeley SkyDeck is a top global accelerator. Named by Forbes in 2019 as one of the top five university accelerators, SkyDeck is UC Berkeley’s premier startup accelerator and a joint program of Berkeley, the College of Engineering, and the Office of the Vice-Chancellor for Research. SkyDeck combines the hands-on mentorship of startup accelerators with the vast resources of its world-class research university. Participating startups have access to SkyDeck’s 240 advisors, 50 industry partners, and a network of more than 500,000 Berkeley alumni. SkyDeck also stands alone as the only accelerator that provides funding for its startups via a public-private partnership, bringing funds back to Berkeley with the Berkeley SkyDeck Fund, a dedicated investment fund. For more information, see skydeck.berkeley.edu.


Source: https://techstartups.com/2020/10/29/berkeley-skydeck-announces-16-tech-startups-around-globe-participate-fall-2020-startup-cohort/

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Hackers stole $2.3 million from President Trump re-election funds in Wisconsin

Last week, hackers stole $2.3 million from President Trump re-election funds in Wisconsin. The cyber hackers created fake invoices to look like vendors that the Wisconsin Republican Party worked with, the state’s Republican Party said on Thursday. According to a report […]

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Last week, hackers stole $2.3 million from President Trump re-election funds in Wisconsin. The cyber hackers created fake invoices to look like vendors that the Wisconsin Republican Party worked with, the state’s Republican Party said on Thursday.

According to a report from Associated Press, who first broke the news, the Wisconsin GOP disclosed in a statement that hackers targeted and stole from the organization’s Trump re-election funds in the battleground state, with less than a week until Election Day.

“Cybercriminals, using a sophisticated phishing attack, stole funds intended for the re-election of President Trump, altered invoices and committed wire fraud,” Wisconsin GOP chairman Andrew Hitt said in a statement. “These criminals exhibited a level of familiarity with state party operations at the end of the campaign to commit this crime.”

The hack is a Business Email Compromise scheme, a common scam where hackers pose as business partners for an organization and request payments on their behalf. Google and Facebook lost more than $100 million in a scheme from 2013 to 2015 to a Lithuanian man posing as a computer hardware company.

Wisconsin’s Republican Party said it first noticed it was the victim of a cyberattack on Oct. 22, and notified the FBI on Oct. 23. The organization said it doesn’t believe that hackers stole any data in the process. The FBI did not respond to a request for comment.


Source: https://techstartups.com/2020/10/29/hackers-stole-2-3-million-president-trump-re-election-funds-wisconsin/

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